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M.S. Real Estate Development

Overview

The Master of Science in Real Estate Development program is a three-semester degree that combines the fundamental skills of professional real estate with a holistic approach to urban development as a creative act. The program is cross-disciplinary, drawing on its proximity to other modes of practice at the school, and is grounded in the three core tenets of global urban real estate development: the financial, the physical, and the social. It attracts future business leaders looking for an alternative to an MBA and committed architects hoping to run their own design/build firm. The program’s strength lies in its ability to weave current knowledge and best practices from the industry together with rigorous theoretical learning, incisive critical analysis, and immersive real-world case studies.

The Real Estate Development program is structured to provide a comprehensive understanding of finance and investment, project management, predevelopment analysis, zoning and planning, acquisition underwriting, and the value of design in real estate practices. In recent years, the program has greatly expanded its emphasis on financial investment and strengthened its relevancy in terms of real estate markets, introducing a new real estate technology sequence to the curriculum and increasing the availability of technology resources for research. The curriculum builds its foundational knowledge incrementally over the three terms: the first semester is dedicated to developing solid, core competencies and the majority of classes are required; the second, grants more space to focus on the development of specific industry interests; and the third consists mostly of deep-dive electives offered across GSAPP, Columbia Business School, Columbia School of International and Public Affairs, and Columbia Law School. The program culminates in a final Capstone project.

The program’s Capstone class begins with initial group work as students learn about five different active real estate case-study sites, and ends with individual Capstone projects. Students must create their own personalized Capstone “deal-book” (with all the relevant financial information, design proposals, and market analysis data), as well as deliver a presentation and defend their project to an audience of peers, alumni, and faculty. 

The Master of Science in Real Estate Development curriculum is bolstered by its proximity to the city and to the real-world opportunities that it offers: Professionals from the real-estate industry in New York City visit campus daily as adjunct professors, alumni mentors, and lunchbox lecture speakers. Approximately a third of individuals in the program complete a part-time spring internship to gain additional work experience in NYC.

Contact

For more information on the program, please email realestate@arch.columbia.edu or call 212-854-0057.

For more information about Career Services, Industry Outreach & Placement, please email Rebecca Andersen Polimeda.



Application Deadline: January 15, 2026.

MSRED is introducing an early action deadline of December 15, 2025, with a first round of decisions to be released before the end of January, 2026. This initiative is specifically designed to support incoming students with additional time to prepare for the Summer semester beginning on May 26, 2026.

Curriculum

Intensive Summer Semester

The introduction to the program begins with immersion in real estate finance, construction technology, market analytics, and other foundational subjects. Electives are limited to allow students with diverse background experiences to build essential financial, graphic, and analytical competencies.

Expansive Fall Semester

While core skills continue to be developed—particularly in finance, history of development, and real estate law—students are given significant elective opportunities to broaden their theoretical and applied skill sets by concentrating on the unique finance or design course tracks available only at Columbia.

Integrated Spring Semester

With a central focus on capstone projects, complex financial and economic modeling, and public policy, students bring together a cross-disciplinary portfolio of independent and supervised research and coursework, graduating with a holistic professional foundation.

Columbia GSAPP MSRED Program Introduction

Current Faculty

Michael Adelstein

Mitchell Adelstein

Shaishav Agarwal

Sam Alison-Mayne

Nathalia Bernardo

Juan Felipe Herrera Quiroz

James von Klemperer

Robert Wertheimer

Recent News

Nov 18, 2025
Zachary Rosman ’26 MSUP, Ayomikun Oluyadi ’26 MSUP, Juan Felipe Herrera ’25 MSRED, Alexandra Gonzalez ’25 MA Climate Policy, and Bria Miller ’25 MSAUD deliver a lecture for Modern Architecture & Speculative Future at Northeastern University, presenting their final project developed in the GSAPP Performance Zoning Clinics, led by Faculty Adam Lubinsky and Faculty Calvin Brown
Nov 14, 2025
Img 3350   hera h. suh
Columbia GSAPP’s MSRED program is re-accredited by the Royal Institution of Chartered Surveyors (RICS), reaffirming its alignment with international professional standards in real estate development education
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Spring 2026 Courses

Course Semester Title Student Work Instructor Syllabus Requirements & Sequence Location & Time Session & Points Call No.
PLAN4314‑1 Spring 2026
Real Estate Finance III
Jake Pesci

MSRED Only, Prerequisite or Program Approval

113 Avery
W 4 PM - 6 PM
Full Semester
3 Points
14269
PLAN4328‑1 Spring 2026
Real Estate Finance III Tutorial
Beth Finley

MSRED Only, Prerequisite or Program Approval

113 Avery
TU 6:30 PM - 8 PM
Full Semester
0 Points
14270
PLAN6050‑1 Spring 2026
Internship
Rebecca Andersen Polimeda

MSRED Only, Program approval

N/A
N/A
Full Semester
1.5 Points
11589
PLAN6114‑1 Spring 2026
Condo/Single Family Investment Analysis
Eric Andersen

MSRED Preference, Program Approval

209 Fayerweather
M 5 PM - 7 PM
Session A
1.5 Points
14273
PLAN6118‑1 Spring 2026
Leveraging Data and AI for Real Estate Development
Roman Pedan, L.D. Salmanson

MSRED Preference or Program Approval

209 Fayerweather
TU 3 PM - 5 PM
Session B
1.5 Points
14155
PLAN6231‑1 Spring 2026
Capital Structuring for Real Estate Operating Firms
Jose Lievano

MSRED Only, Prerequisite or Program Approval

209 Fayerweather
F 2 PM - 4 PM
Session A
1.5 Points
14283
PLAN6236‑1 Spring 2026
Asset Management
Sara Queen

MSRED Only, Prerequisite or Program Approval

209 Fayerweather
W 6 PM - 8 PM
Session A
1.5 Points
14284
PLAN6335‑1 Spring 2026
Capstone: Development Case Studies
Adam Lubinsky, Cecily King

MSRED Only, Prerequisite or Program Approval

113 Avery
TH 9 AM - 12 PM
Full Semester
3 Points
14287
PLAN6342‑2 Spring 2026
International Real Estate Regions: Brazil
Shawn Amsler

MSRED Only, Prerequisite or Program Approval

113 Avery
M 9 AM - 11 AM
Session A
1.5 Points
14288
PLAN6342‑1 Spring 2026
International Real Estate Regions: Asia
Johnny Din

MSRED Only, Prerequisite or Program Approval

209 Fayerweather
M 3 PM - 5 PM
Session A
1.5 Points
14289
PLAN6357‑1 Spring 2026
Construction Management and Technology
John Lyons

MSRED Only, Prerequisite or Program Approval

113 Avery
W 11 AM - 1 PM
Session A
1.5 Points
14290
PLAN6384‑1 Spring 2026
Tax Issues in Acquisitions and Developments
Daniel Crowley

MSRED Only, Prerequisite or Program Approval

209 Fayerweather
TU 9 AM - 11 AM
Session A
1.5 Points
14291
PLAN6583‑1 Spring 2026
Private Equity Development: Hotels
Rani Gharbie Syllabus

MSRED Only, Prerequisite or Program Approval

209 Fayerweather
TU 1 PM - 3 PM
Session A
1.5 Points
14292
PLAN6712‑1 Spring 2026
Risk and Investment Management
Ryan Severino

MSRED Only, Prerequisite or Program Approval

209 Fayerweather
TU 11 AM - 1 PM
Session B
1.5 Points
14293
PLAN6722‑1 Spring 2026
Real Estate Private Equity - Acquisition Analysis
Jiho Lee

MSRED Only, Prerequisite or Program Approval

113 Avery
TH 2 PM - 4 PM
Session A
1.5 Points
14294
PLAN6748‑1 Spring 2026
Entrepreneurship in Buying Real Estate Assets
Masood Bhatti

MSRED Only, Prerequisite or Program Approval

113 Avery
TU 3:15 PM - 5:15 PM
Session A
1.5 Points
14296
PLAN6752‑1 Spring 2026
Real Estate Media + Marketing
Amir Korangy

MSRED Preference or Program Approval

209 Fayerweather
W 1:30 PM - 3:30 PM
Session B
1.5 Points
14297
PLAN6814‑1 Spring 2026
Advanced Affordable Housing Financial Analysis
C. Marisa Rodriguez

MSRED Only, By Application and Instructor Approval

209 Fayerweather
M 9 AM - 11 AM
Session A
1.5 Points
14298
PLAN6828‑1 Spring 2026
The Massive Middle: Strategies for Housing Development
Phil Wharton

MSRED Preference or Program Approval

209 Fayerweather
TU 11 AM - 1 PM
Session A
1.5 Points
14406
PLAN6832‑1 Spring 2026
Advanced Design for Development
Sam Alison-Mayne, Josh Bransky

MSRED Preference or Program Approval

209 Fayerwaether
F 9 AM - 11 AM
Session A
1.5 Points
14407
PLAN6839‑1 Spring 2026
Inside Development: Lessons From the Field
Fred Cooper

MSRED Preference or Program Approval

209 Fayerweather
W 9 AM - 11 AM
Session B
1.5 Points
14408
PLAN6863‑1 Spring 2026
International Design and Development
James von Klemperer, Forth Bagley

MSRED Preference or Program Approval

209 Fayerweather
W 1:30 PM - 3:30 PM
Session A
1.5 Points
14299
PLAN6869‑1 Spring 2026
Equitable Development
Cecily King

GSAPP + Cross Registration

209 Fayerweather
TH 1 PM - 3 PM
Full Semester
3 Points
14300
PLAN6908‑1 Spring 2026
Distressed Real Estate Investment and Asset Management
Jay Yang, Stephan Lee

MSRED Only, Prerequisite or Program Approval

209 Fayerweather
TH 4:30 PM - 6:30 PM
Session A
1.5 Points
14400
PLAN8792‑1 Spring 2026
Individual Research
Hera H. Suh

MSRED Only, Program Approval

N/A
N/A
Full Semester
1.5 Points
14301
ARCH6961‑1 Spring 2026
Studio - Clinic: Erasing the Shoreline
Nadia Christidi

Clinic w/ ARCH4106-07

700 Avery
TH 1:30 PM - 3:30 PM
Full Semester
3 Points
12052
PLAN6831‑1 Spring 2026
MSRED Studio Clinic - Kokrobitey Sands: An Integrated Design and Development Plan for West African Institute
Adam Lubinsky

Instructor Approval

203 Fayerweather
F 12 PM - 2 PM
Full Semester
3 Points
12056
ARCH4063‑1 Spring 2026
Spatial Data Narratives
Josh Begley
300 Buell South
W 7 PM - 9 PM
Full Semester
3 Points
12379
ARCH4124‑1 Spring 2026
Modern Building Technology
Theodore Prudon
Preservation Technology Lab (655 Schermerhorn)
F 9 AM - 11 AM
Full Semester
3 Points
12447
ARCH4324‑1 Spring 2026
Climate Justice + Digital Reenactments
Catherine Griffiths Syllabus
115 Avery
M 11 AM - 1 PM
Full Semester
3 Points Points
12402
ARCH4325‑1 Spring 2026
Multi Graphics & Representation
Wael Morcos
505 Avery
W 11 AM - 1 PM
Full Semester
3 Points
12306
ARCH4327‑1 Spring 2026
Waste/Works
Amelyn Ng
504 Avery
W 11 AM - 1 PM
Full Semester
3 Points
12307
ARCH4334‑1 Spring 2026
Modern American Architecture
Jorge Otero-Pailos
300 Buell South
W 3 PM - 5 PM
Full Semester
3 Points
12459
ARCH4407‑1 Spring 2026
Methods in Spatial Research
Adam Vosburgh
300 Buell South
F 9 AM - 11 AM
Full Semester
3 Points
15512
ARCH4427‑1 Spring 2026
Architecture Apropos Art
Steven Holl, Dimitra Tsachrelia
Ware Lounge (600 Avery)
TH 11 AM - 1 PM
Full Semester
3 Points
12058
ARCH4432‑1 Spring 2026
Nervous Systems
Lindy Roy
200 Buell North
W 11 AM - 1 PM
Full Semester
3 Points
12060
ARCH4507‑1 Spring 2026
Unorthodox Practices 3: Practice as a Project
Juan Herreros
408 Avery
TH 9 AM - 11 AM
Full Semester
3 Points
12064
ARCH4618‑1 Spring 2026
Architecture: The Contemporary (Ideas and Concepts from 1968 to the Present)
Bernard Tschumi, Deniz Mahir Dagtekin
412 Avery
TH 11 AM - 1 PM
Full Semester
3 Points
12240
ARCH4642‑1 Spring 2026
Contested Grounds: The Spatial Politics of Memory
Mabel O. Wilson
200 Buell North
TU 11 AM - 1 PM
Full Semester
3 Points
12242
ARCH4715‑1 Spring 2026
Re-Thinking BIM
Joseph Brennan
200 Buell North
M 9 AM - 11 AM
Full Semester
3 Points
12407
ARCH4716‑1 Spring 2026
Graphic Architecture Project I: Design and Typography
Yoonjai Choi
115 Avery
TU 3 PM - 6 PM
Full Semester
3 Points
12315
ARCH4778‑1 Spring 2026
Metatool
Dan Taeyoung
Ware Lounge (600 Avery)
W 9 AM - 11 AM
Full Semester
3 Points
12427
ARCH4839‑1 Spring 2026
Building Conditions Assessment
Kyle Normandin
Preservation Technology Lab (655 Schermerhorn)
TU 3:30 PM - 6:30 PM
Session A
1.5 Points
14160
ARCH4845‑1 Spring 2026
Generative Design I
Danil Nagy
115 Avery
TU 9 AM - 11 AM
Full Semester
3 Points
12412
ARCH4861‑1 Spring 2026
Footprint: Carbon and Design
David Benjamin
409 Avery
M 11 AM - 1 PM
Full Semester
3 Points
12086
ARCH4880‑1 Spring 2026
Making Senses
James Nanasca
115 Avery
W 9 AM - 11 AM
Full Semester
3 Points
12087
ARCH4891‑1 Spring 2026
Designing Affordability: Housing, Design and Finance
Galia Solomonoff
209 Fayerweather
TH 11 AM - 1 PM
Full Semester
3 Points
19617
ARCH4980‑1 Spring 2026
Virtual Architecture: World Building and Virtual Reality Workshop
Nitzan Bartov
Ware Lounge (600 Avery)
M 9 AM - 11 AM
Session A
1.5 Points
14411
ARCH4990‑1 Spring 2026
Performance
Jonathan González
409 Avery
M 9 AM - 11 AM
Full Semester
3 Points
14404
ARCH4995‑1 Spring 2026
Power Tools
Jelisa Blumberg
200 Buell North
M 11 AM - 1 PM
Full Semester
3 Points
12317
ARCH4996‑1 Spring 2026
Physical Computation
Daniel Leithinger
505 Avery
TH 11 AM - 1 PM
Full Semester
3 Points
12414
ARCH6414‑1 Spring 2026
Digital Heritage Documentation
Bilge Kose
301 Fayerweather, Preservation Technology Lab (655 Schermerhorn)
W 5 PM - 7 PM
Full Semester
3 Points
14162
ARCH6451‑1 Spring 2026
Recombinant Renaissance
Mark Rakatansky
300 Buell North
W 11 AM - 1 PM
Full Semester
3 Points
12248
ARCH6454‑1 Spring 2026
The Arab City
Amale Andraos
408 Avery
M 11 AM - 1 PM
Full Semester
3 Points
12249
ARCH6455‑1 Spring 2026
Military Urbanism in the Early Modern Era
Victoria Sanger
408 Avery
F 11 AM - 1 PM
Full Semester
3 Points
12252
ARCH6516‑1 Spring 2026
Architecture and Socialism
Reinhold Martin
300 Buell South
M 11 AM - 1 PM
Full Semester
3 Points
12256
ARCH6678‑1 Spring 2026
The Long History of Architectural Technologies
Lucia Allais
300 Buell South
TU 11 AM - 1 PM
Full Semester
3 Points
12263
ARCH6702‑1 Spring 2026
Investigative Techniques
Amanda Thomas Trienens
Preservation Technology Lab (655 Schermerhorn)
TU 1 PM - 3:30 PM
Full Semester
3 Points
14164
ARCH6712‑1 Spring 2026
Conservation of Architectural Finishes
Mary Jablonski
Preservation Technology Lab (655 Schermerhorn)
F 11 AM - 1 PM
Full Semester
3 Points
14165
ARCH6717‑1 Spring 2026
Comparative Hertitage Management
Carolina Castellanos
200 Buell North
TU, TH 9 AM - 11 AM
Session B
3 Points
14168
ARCH6801‑1 Spring 2026
Structural Daring & The Sublime In Pre-Modern Architecture
Rory O'Neill
412 Avery
F 11 AM - 1 PM
Full Semester
3 Points
12268
ARCH6815‑1 Spring 2026
Public Space: Rhetorics + Practices
David Smiley
115 Avery
TU 1 PM - 3 PM
Full Semester
3 Points
12070
ARCH6880‑1 Spring 2026
Towards a Trans-Species Architecture—Rethinking Lina Bo Bardi
Mark Wigley
412 Avery
TU 11 AM - 1 PM
Full Semester
3 Points
15564
ARCH6892‑1 Spring 2026
1:1 Crafting and Fabrication of Details
Zachary Mulitauaopele
412 Avery
F 3 PM - 5 PM
Full Semester
3 Points
14398
ARCH6911‑1 Spring 2026
Metabolic Materialities: Between the Animate and the Inanimate
Michael Wang
408 Avery
W 11 AM - 1 PM
Full Semester
3 Points
12093
ARCH6912‑1 Spring 2026
Emerging Optimism: Resources + The Fourth Industrial Revolution
Sean Gallagher
408 Avery
M 9 AM - 11 AM
Full Semester
3 Points
12096
ARCH6936‑1 Spring 2026
Old Buildings, New Energy: History and Current Sustainable Practices
Francoise Bollack
203 Fayerweather
M 11 AM - 1 PM
Session A
1.5 Points
14185
ARCH6950‑1 Spring 2026
Raw Material Libraries and Cataloguing the Irregular
Lola Ben-Alon
409 Avery
W 9 AM - 11 AM
Full Semester
3 Points
14401
ARCH6954‑1 Spring 2026
Agroecological Urbanism
Ana María Durán Calisto
504 Avery
TH 11 AM - 1 PM
Full Semester
3 Points
14415
ARCH6956‑1 Spring 2026
Spatial AI
William Martin
209 Fayerweather
W 11 AM - 1 PM
Full Semester
3 Points
12445
ARCH6970‑1 Spring 2026
Business of Preservation
Kate Allen
203 Fayerweather
M 11 AM - 1 PM
Session B
1.5 Points
14195
ARCH6972‑1 Spring 2026
Classicisms
Reinhold Martin
408 Avery
TU 11 AM - 1 PM
Full Semester
3 Points
14402
ARCH6975‑1 Spring 2026
Design, Power, and Imaginaries: Critical Histories and Futures
Zarith Pineda
Ware Lounge (600 Avery)
M 11 AM - 1 PM
Full Semester
3 Points
14416
ARCH6978‑1 Spring 2026
Climate and the Existing Built Environment
Erica Avrami
408 Avery
TH 11 AM - 1 PM
Full Semester
3 Points
14409
ARCH6981‑1 Spring 2026
Industry, Practice & Research – Intersecting Design & Entrepreneurship in Architecture
Wendy Fok Syllabus
409 Avery
F 11 AM - 1 PM
Full Semester
3 Points
15635
PLAN4010‑1 Spring 2026
Planning For Urban Energy Systems
Peter Marcotullio
409 Avery
TH 9 AM - 11 AM
Full Semester
3 Points
14196
PLAN4022‑1 Spring 2026
Fundamentals of Urban Digital Design
Sybil Wa Syllabus
UP Computer Lab (202 Fayerweather)
M 5 PM - 7 PM
Session A
1.5 Points
17543
PLAN4585‑1 Spring 2026
Urban Political Economy
Tom Slater
114 Avery + 203 Fayerweather, 204 Fayerweather, 415 Schermerhorn
W 10 AM - 1 PM
Full Semester
3 Points
14197
PLAN4587‑1 Spring 2026
Urban Technologies, Innovations & Planning Institutions
Anthony Vanky
114 Avery + 409 Avery, 203, 204 Fayerweather
TU 10 AM - 1 PM
Full Semester
3 Points
14199
PLAN6065‑1 Spring 2026
Environmental Impact Assessment
Graham Trelstad
200 Buell North
F 9 AM - 11 AM
Full Semester
3 Points
14210
PLAN6067‑1 Spring 2026
On Spatial Exclusion and Planning
Hiba Bou Akar
204 Fayerwaether
TH 3 PM - 5 PM
Full Semester
3 Points
14211
PLAN6108‑1 Spring 2026
Land Use Planning
Jonathan Martin
200 Buell North
F 11 AM - 1 PM
Full Semester
3 Points
14212
PLAN6113‑1 Spring 2026
Exploring Urban Data with Machine Learning
Jonathan Stiles
UP Computer Lab (202 Fayerweather)
TH 3 PM - 5 PM
Full Semester
3 Points
14213
PLAN6232‑1 Spring 2026
Advanced Spatial Practice
Jonathan Stiles
UP Computer Lab (202 Fayerweather)
W 5 PM - 7 PM
Full Semester
3 Points
14215
PLAN6613‑1 Spring 2026
AI and the Future of Cities
Kate Wittels, David Gilford
204 Fayerweather
TU 5 PM - 7 PM
Full Semester
3 Points
14217
PLAN6617‑1 Spring 2026
Climate Justice in Our Own Backyard
Thad Pawlowski
204 Fayerweather
TH 5 PM - 7 PM
Full Semester
3 Points
14219
PLAN6645‑1 Spring 2026
Prototyping in Urban Tech
James Piacentini
UP Computer Lab (202 Fayerweather)
TU 3 PM - 5 PM
Full Semester
3 Points
14221
PLAN6647‑1 Spring 2026
Project Management: From Idea to Execution
Charlie Stewart
412 Avery
M 11 AM - 1 PM
Session B
1.5 Points
14222
PLAN6700‑1 Spring 2026
Real Estate Finance and Development
Amelia Guise, Clarence Radin
203 Fayerweather
TU 5 PM - 7 PM
Full Semester
3 Points
14223
PLAN6773‑1 Spring 2026
Climate Adaptation in Cities
Adam Freed
204 Fayerweather
M 5 PM - 7 PM
Full Semester
3 Points
14224
PLAN6827‑1 Spring 2026
Gentrification and Displacement: Power, Planning + Political Action
Tom Slater
115 Avery
TH 11 AM - 1 PM
Full Semester
3 Points
14225
PLAN6852‑1 Spring 2026
Migrant Policy and the City
Vojislava Cordes
204 Fayerweather
M 1 PM - 3 PM
Full Semester
3 Points
14412
ARCH4333‑1 Spring 2026
Transscalar Architecture: Construction Details as Cosmopolitical Enactments
Andrés Jaque Syllabus

ALL GSAPP

Ware Lounge (600 Avery)
W 11 AM - 1 PM
Full Semester
3 Points
15543
ARCH6714‑1 Spring 2026
Experimental Preservation
Jorge Otero-Pailos
412 Avery
W 11 AM - 1 PM
Full Semester
3 Points
14167
ARCH6931‑1 Spring 2026
Architectures of Display
Ibrahim Kombarji

ALL GSAPP

300 Buell North
W 9 AM - 11 AM
Full Semester
3 Points
14414
ARCH6974‑1 Spring 2026
Spectacular Pedagogies: Audiovisual Architecture and Learning Machines
Mark Wasiuta
300 Buell South
TH 11 AM - 1 PM
Full Semester
3 Points
14403
ARCH6977‑1 Spring 2026
Monument, Testimony, Protest
Krzysztof Wodiczko

ALL GSAPP

Preservation Technology Lab (655 Schermerhorn)
TU, TH 9 AM - 11 AM
Session A
3 Points
14410
ARCH6979‑1 Spring 2026
Design, Public, Gardens: NYC
Hilary Sample

ALL GSAPP

409 Avery
TH 11 AM - 1 PM
Full Semester
3 Points
15634

M.S. RED student Samuel Oketcho at the Fall 2016 ULI Conference in Dallas

The ULI Fall Meeting attracts more than 6,000 attendees annually, bringing together every sector of the real estate industry in one place. Columbia GSAPP’s M.S. RED students attended the Fall 2016 meeting in Dallas in full force, where student Samuel Oketcho was interview by ULI on his takeaways from the conference.